Bonus and incentive plans.

CFR · 2024-01-01 · US · Title 12

A bank employee or officer may participate in a bonus or incentive plan based on the sale of credit life insurance if payments to the employee or officer in any one year do not exceed the greater of: (a) Five percent of the recipient's annual salary; or (b) Five percent of the average salary of all loan officers participating in the plan.

official document · source cfr-2024 · id 12:§ 2.4